Hedge Fund Third Point LLC is run by activist investor Daniel Loeb. The firm just reported its Q1 portfolio. As of 09/30/2011, Third Point, LLC owns 35 stocks with a total value of $2.1 billion. These are the details of the buys and sells.

Third Point’s Master Fund gained 41% in 2010, and 38.5% in 2009. For the past 5 years, it has a cumulative gain of 64%. For the past 10 years, it gained 315%. These numbers left the market average into dust.

The most notable buy during the third quarter was Yahoo. Dan Loeb has started his activist investing with Yahoo. He wrote a letter to Yahoo’s board, and wants Yahoo founder Jerry Yang be kicked out of the board.

This is the portfolio chart of Daniel Loeb. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.

Daniel Loeb initiated holdings in Yahoo! Inc.. His purchase prices were between $11.09 and $15.81, with an estimated average price of $13.85. The impact to his portfolio due to this purchase was 29.97%. His holdings were 48,000,000 shares as of 09/30/2011.

Daniel Loeb initiated holdings in Hollyfrontier. His purchase prices were between $25.59 and $38.2, with an estimated average price of $34.28. The impact to his portfolio due to this purchase was 4.16%. His holdings were 3,350,000 shares as of 09/30/2011.

Daniel Loeb initiated holdings in Gilead Sciences Inc.. His purchase prices were between $35.34 and $43.21, with an estimated average price of $39.94. The impact to his portfolio due to this purchase was 2.21%. His holdings were 1,200,000 shares as of 09/30/2011.

Daniel Loeb initiated holdings in Warnaco Group Inc. Cl A. His purchase prices were between $45.64 and $57.26, with an estimated average price of $51.64. The impact to his portfolio due to this purchase was 2.19%. His holdings were 1,000,000 shares as of 09/30/2011.

Daniel Loeb initiated holdings in Gardner Denver Inc.. His purchase prices were between $64.4 and $91.5, with an estimated average price of $77.36. The impact to his portfolio due to this purchase was 1.66%. His holdings were 550,000 shares as of 09/30/2011.

New Purchase: Celanese Corp. Series A (CE)

Daniel Loeb initiated holdings in Celanese Corp. Series A. His purchase prices were between $35.6 and $57.66, with an estimated average price of $46.55. The impact to his portfolio due to this purchase was 1.23%. His holdings were 800,000 shares as of 09/30/2011.

New Purchase: Graftech International Ltd. (GTI)

Daniel Loeb initiated holdings in Graftech International Ltd.. His purchase prices were between $12.53 and $22.37, with an estimated average price of $16.82. The impact to his portfolio due to this purchase was 1.02%. His holdings were 1,700,000 shares as of 09/30/2011.

New Purchase: Agco Corp. (AGCO)

Daniel Loeb initiated holdings in Agco Corp.. His purchase prices were between $35.14 and $52.88, with an estimated average price of $43.34. The impact to his portfolio due to this purchase was 0.98%. His holdings were 600,000 shares as of 09/30/2011.

New Purchase: Fmc Corp. (FMC)

Daniel Loeb initiated holdings in Fmc Corp.. His purchase prices were between $67.09 and $92.86, with an estimated average price of $78.75. The impact to his portfolio due to this purchase was 0.66%. His holdings were 200,000 shares as of 09/30/2011.

New Purchase: Suncoke Energy (SXC)

Daniel Loeb initiated holdings in Suncoke Energy. His purchase prices were between $11.47 and $17.65, with an estimated average price of $14.29. The impact to his portfolio due to this purchase was 0.47%. His holdings were 900,000 shares as of 09/30/2011.

New Purchase: Mindray Medical International (MR)

Daniel Loeb initiated holdings in Mindray Medical International. His purchase prices were between $21.36 and $28.29, with an estimated average price of $25.44. The impact to his portfolio due to this purchase was 0.31%. His holdings were 275,000 shares as of 09/30/2011.

New Purchase: Royal Bank Of Scotland Group Plc Ads Series S (RBS.PS)

Daniel Loeb initiated holdings in Royal Bank Of Scotland Group Plc Ads Series S. His purchase prices were between $10.22 and $17.35, with an estimated average price of $13.87. The impact to his portfolio due to this purchase was 0.26%. His holdings were 490,000 shares as of 09/30/2011.

Sold Out: Lyondellbasell Industries Cl A (LYB)

Daniel Loeb sold out his holdings in Lyondellbasell Industries Cl A. His sale prices were between $26.65 and $41.23, with an estimated average price of $34.25.

Sold Out: Cit Group Inc. (CIT)

Daniel Loeb sold out his holdings in Cit Group Inc.. His sale prices were between $30.55 and $44.17, with an estimated average price of $35.98.

Sold Out: Nxp Semiconductors N.v. (NXPI)

Daniel Loeb sold out his holdings in Nxp Semiconductors N.v.. His sale prices were between $14.03 and $26.91, with an estimated average price of $19.12.

Sold Out: Pall Corp. (PLL)

Daniel Loeb sold out his holdings in Pall Corp.. His sale prices were between $41.38 and $57.62, with an estimated average price of $48.68.

Sold Out: Health Net Inc. (HNT)

Daniel Loeb sold out his holdings in Health Net Inc.. His sale prices were between $21.07 and $32.38, with an estimated average price of $26.13.

Sold Out: Safeway Inc. (SWY)

Daniel Loeb sold out his holdings in Safeway Inc.. His sale prices were between $16.06 and $24.17, with an estimated average price of $19.31.

Sold Out: Freeportmcmoran Copper & Gold (FCX)

Daniel Loeb sold out his holdings in Freeportmcmoran Copper & Gold. His sale prices were between $31.34 and $56.3, with an estimated average price of $46.58.

Sold Out: Swift Transportation Company (SWFT)

Daniel Loeb sold out his holdings in Swift Transportation Company. His sale prices were between $6.36 and $14.22, with an estimated average price of $9.65.

Sold Out: Whirlpool Corp. (WHR)

Daniel Loeb sold out his holdings in Whirlpool Corp.. His sale prices were between $48.01 and $82, with an estimated average price of $63.22.

Sold Out: Cablevision Systems Corp. (CVC)

Daniel Loeb sold out his holdings in Cablevision Systems Corp.. His sale prices were between $15.97 and $27.48, with an estimated average price of $20.62.

Sold Out: On Semiconductor Corp. (ONNN)

Daniel Loeb sold out his holdings in On Semiconductor Corp.. His sale prices were between $6.71 and $10.63, with an estimated average price of $8.15.

Sold Out: Freescale Semiconductor (FSL)

Daniel Loeb sold out his holdings in Freescale Semiconductor. His sale prices were between $10.5 and $20.02, with an estimated average price of $14.02.

Sold Out: Bp Plc Ads (BP)

Daniel Loeb sold out his holdings in Bp Plc Ads. His sale prices were between $35.73 and $46.77, with an estimated average price of $40.72.

Sold Out: Potash Corp. Of Saskatchewan (POT)

Daniel Loeb sold out his holdings in Potash Corp. Of Saskatchewan. His sale prices were between $45.4 and $61.82, with an estimated average price of $55.9.

Sold Out: Quest Diagnostics Inc. (DGX)

Daniel Loeb sold out his holdings in Quest Diagnostics Inc.. His sale prices were between $46.21 and $60.59, with an estimated average price of $51.87.

Sold Out: Depomed Inc. (DEPO)

Daniel Loeb sold out his holdings in Depomed Inc.. His sale prices were between $5 and $8.74, with an estimated average price of $6.64.

Sold Out: Accuride Corp. (ACW)

Daniel Loeb sold out his holdings in Accuride Corp.. His sale prices were between $5.4 and $13.1, with an estimated average price of $9.56.

Sold Out: Lone Pine Resources (LPR)

Daniel Loeb sold out his holdings in Lone Pine Resources. His sale prices were between $6.97 and $12, with an estimated average price of $9.82.

Daniel Loeb added to his holdings in Williams Cos. by 377.27%. His purchase prices were between $24.04 and $32.1, with an estimated average price of $27.84. The impact to his portfolio due to this purchase was 4.79%. His holdings were 5,250,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Sandisk Corp. by 93.1%. His purchase prices were between $32.5 and $45.57, with an estimated average price of $40.09. The impact to his portfolio due to this purchase was 1.29%. His holdings were 1,400,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Expedia Inc. by 56.16%. His purchase prices were between $26.53 and $31.69, with an estimated average price of $29.32. The impact to his portfolio due to this purchase was 1.25%. His holdings were 2,850,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Newell Rubbermaid Inc. by 141.38%. His purchase prices were between $11.44 and $16.07, with an estimated average price of $13.75. The impact to his portfolio due to this purchase was 1.15%. His holdings were 3,500,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Barrick Gold Corp. by 22.97%. His purchase prices were between $45.87 and $55.18, with an estimated average price of $49.73. The impact to his portfolio due to this purchase was 0.94%. His holdings were 2,275,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Sara Lee Corp. by 2.26%. His purchase prices were between $16.84 and $19.7, with an estimated average price of $18.24. The impact to his portfolio due to this purchase was 0.12%. His holdings were 6,800,000 shares as of 09/30/2011.

Daniel Loeb added to his holdings in Yahoo! Inc. by 1.54%. The impact to his portfolio due to this purchase was 0.57%. His holdings were 66,000,700 shares as of 09/30/2011.

Reduced: El Paso Corp. (EP)

Daniel Loeb reduced to his holdings in El Paso Corp. by 46.15%. His sale prices were between $16.93 and $20.92, with an estimated average price of $19.11. The impact to his portfolio due to this sale was -4.49%. Daniel Loeb still held 7,000,000 shares as of 09/30/2011.

Reduced: Mosaic Company (MOS)

Daniel Loeb reduced to his holdings in Mosaic Company by 62.5%. His sale prices were between $54.2 and $73.18, with an estimated average price of $67.26. The impact to his portfolio due to this sale was -3.77%. Daniel Loeb still held 900,000 shares as of 09/30/2011.

Reduced: Cvr Energy (CVI)

Daniel Loeb reduced to his holdings in Cvr Energy by 36.51%. His sale prices were between $20.14 and $28.88, with an estimated average price of $25.74. The impact to his portfolio due to this sale was -2.1%. Daniel Loeb still held 4,000,000 shares as of 09/30/2011.

Reduced: Sunoco Inc. (SUN)

Daniel Loeb reduced to his holdings in Sunoco Inc. by 36.67%. His sale prices were between $30.09 and $42.92, with an estimated average price of $37.73. The impact to his portfolio due to this sale was -1.7%. Daniel Loeb still held 1,900,000 shares as of 09/30/2011.

Reduced: Mead Johnson Nutrition Co. (MJN)

Daniel Loeb reduced to his holdings in Mead Johnson Nutrition Co. by 31.25%. His sale prices were between $65.21 and $76.09, with an estimated average price of $70.44. The impact to his portfolio due to this sale was -1.25%. Daniel Loeb still held 1,100,000 shares as of 09/30/2011.

Reduced: Liberty Media Corp. Series A (LINTA)

Daniel Loeb reduced to his holdings in Liberty Media Corp. Series A by 33.33%. His sale prices were between $12.68 and $17.74, with an estimated average price of $15.89. The impact to his portfolio due to this sale was -0.62%. Daniel Loeb still held 2,000,000 shares as of 09/30/2011.

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